Economy

Asia shares lag record Wall Street, cautious of Fed plans

Adam Floyd

Jun 14, 2017

Federal Reserve chair Janet Yellen will hold her quarterly press conference after the meeting and her comments will be scrutinized for any hints on whether a third rate hike is likely this year, and whether it would happen in September or be pushed back to December. Super-low unemployment is giving the Fed confidence to lift USA rates - gradually - even though inflation remains stubbornly below the Fed's 2 percent target.

Among the other major gainers, FamilyMart UNY Holdings is rising more than 4 percent, Kyocera is higher by more than 3 percent and Showa Denko KK is advancing nearly 3 percent.

Jared Bernstein of the Center on Budget and Policy Priorities told AFP the Fed is likely to increase rates to ensure it will have room to maneuver and lower rates again in the event of a negative shock to the economy.

The New Zealand dollar slipped 0.2 per cent to $0.7206 after touching a low of $0.7200, moving away from the previous session's almost four-month high of $0.7228.

The dollar was stuck in a narrow range around ¥110 in Tokyo trading Wednesday, with investors retreating to the sidelines to await a statement by the U.S. Federal Reserve following the end of its two-day Federal Open Market Committee meeting later in the day. The Australian dollar rose to $0.7560, from $7542 on Monday. A strong dollar would, in turn, hurt US exporters.

UK's benchmark FTSE 100 closed down by 0.16 percent, the pan-European FTSEurofirst 300 ended the day up by 0.46 percent, Germany's Dax ended up by 0.57 percent, France's CAC finished the day up by 0.42 percent.

Wall Street had been in a more confident mood overnight, with major indexes at closing at record peaks.

USA stock index futures pointed to a higher open on Wednesday after markets closed at new highs Tuesday following a rebound in technology stocks. Long-dated yields earlier hit 2.886 percent, their highest since June 1.

US gold futures for August delivery settled down $0.3, or 0.02 percent, at $1,268.60.

Ahead of the Fed announcement tomorrow morning New Zealand time, Statistics New Zealand releases balance of payments data for the first quarter today, which is expected to show the current account deficit unchanged at 2.7 per cent of gross domestic product.

Oil prices edged higher on Tuesday after OPEC detailed supply cuts around the world, but the cartel also said overall production rose in May, and crude stayed well below $50 a barrel despite the modest recovery.

Shares price moved up from its 50 days moving average with 0.64% and remote positively from 200 days moving average with 11.77%. TheStreet upgraded Barrick Gold Corporation from a "c" rating to a "b-" rating in a research report on Thursday, February 23rd.

Before iOS 11 you needed a third-party QR app to scan and read QR codes, but now you can simply use iOS 11's Camera app to do it. So, the new app dock is ever-present and makes it super-easy to switch between your favorite and your most recently-used apps.

The Penguins committed to having a stellar core of forwards by drafting Evgeni Malkin in 2004 and Sidney Crosby in 2005. Though he did not play in Sunday's game, Bonino suited up in full uniform for the postgame trophy presentation.

It's probably fair to say Google and Amazon are less interested in audio performance, though their speakers still sound decent. The HomePod speaker stands just under seven inches (18 cm) tall and is covered in fabric mesh that will come in white or gray.

Lindelof has reportedly flown into Manchester straight after Sweden's friendly with Norway last night to complete the move. A medical is also being planned for him this week, with Mourinho bolstering his squad quickly ahead of next season.

Sometimes, due to high arsenic content in harvested fish, we recommend patients to consume fish in moderate amounts only. With eggs and meat being rich sources of iron and protein, doctors have reiterated their value to pregnant women .

Well, May is going to attempt to form an agreement with the 10 MPs that were elected from the Democratic Unionist Party , or DUP . Downing Street says it hopes to finalize the deal next week, after Parliament resumes sitting.

As Trump once claimed, Comey reassured him repeatedly that he, himself, was not under investigation at the time . Sessions said he was, indeed, "one of the last ones" to leave the White House after a meeting on February 14.

Coupe and Roadster body styles are available with recommended retail prices starting from £97,995 in the UK. The trim is leather and Alcantara, while carbon fibre seats are available as optional extras.

There are questions about what led to this decision and what it indicates about the Russian Federation investigation. Sessions told the committee he is protecting Trump's right to later on assert executive privilege "if he chooses".

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